finsmart-news_admin
7
Luxembourg: Retail sales deteriorates in May
Latest reading: Retail sales dropped 0.1% month-on-month in seasonally adjusted terms in May (April: +0.9% mom).
On an annual basis, retail sales rose at a softer pace of 6.3% in May (April: +10.5% yoy). Moreover, the trend pointed down, with the annual average growth of retail sales coming in at 12.0% in May, down from April’s 13.0%.
